Another chapter in Eastmed "Gas Games" as Turkey continues to take the initiative in regional oil & gas geopolitics. At the end of June, the Yavuz drilling ship departed the Dilovasi port adjacent to Istanbul, leaving towards the Famagusta bay on the Eastern side of the Cyprus island, where the ship intends to perform an underwater exploration drilling. The economic zone, where the drilling is supposed to take place is internationally recognized as the economic zone of the Republic of Cyprus (de-facto controlling Southern Cyprus, a.k.a. Southern Cyprus), though obviously with the island being divided - the designated bay area is claimed by Northern Cyprus (Turkish Cyprus), an internationally unrecognized entity which governs the northern parts of Cyprus under Turkish protectorate since 1970s. The legal trick which allows Turkey itself to explore the area for oil & gas, even as it belongs to a separate entity of Northern Cyprus, is the licensing of drilling rights in Northern Cyprus-claimed areas to the Turkish Petroleum Corporation (TPAO).
A highly unusual and exceptional event yesterday at the Gulf of Oman - an attack on two oil tankers during daylight: something which has not taken place since the "Tanker War" of the Iran-Iraq Conflict in the 1980s. The oil price had immediately surged 4% on the news, with fears of further regional destabilization of oil routes. The hydrocarbon shipping via the targeted region is of utmost importance, bringing massive amounts of oil and other liquids from the Persian Gulf countries to southern and eastern Asia, as well as Europe. This was the second attack on tankers this year in the Omani Gulf, the previous taking place one month earlier.
Israeli startup ecosystem is widely known for its disruptive innovation element and a remarkably dynamic activity, including industry 4.0 solutions such as drones. This 2019 market survey identified 81 Israeli civilian drone technology companies including providers of UAVs & Platforms, Drone Systems, Anti-Drone solutions, Passenger Drones and Aftermarket products. Out of surveyed civilian drone technology companies, a remarkable 68% are startups – actively operating privately-held companies established within the past decade, which have yet reached an IPO or underwent M&A; 32% are mature companies, including publicly traded ones.
This week Turkey initiated its first exploration drilling for oil & gas offshore the island of Cyprus. Furthermore, today Turkey announced it would send an additional second drilling vessel to the region in the name of the Turkish Republic of Cyprus, an internationally unrecognized entity which governs Northern Cyprus as a Turkish protectorate. The background - discovery of a third significant gas resource in the economic zone south of Cyprus by the Republic of Cyprus (a.k.a. Greek Cyprus or Southern Cyprus).
Smart energy technologies include a range of solutions aimed at the optimization of energy systems, including energy generation, energy transmission, energy conversion, energy storage and energy utilization. With thousands of active startup companies, Israel serves as one of the primary innovation hubs in the world. This is also the case for smart energy technologies, being among the key factors for the future of sustainable, resilient and clean energy. This 2019 market survey identified 61 smart energy technology companies from among several thousand active Israeli Hi-Tech companies - mostly recently established startups.
The Middle East is known for the abundance of hydrocarbon resources and thus oil and gas pipelines have become an integrative part of the landscape. However, from the very beginning, the pipeline business in the Mideast has been a gamble. This study aims to analyze the up-to-date operation statistics of Mideast oil and gas pipelines with emphasis on inter-state midstream projects in order to assess the long-term financial feasibility of such projects and their correlation with regional geopolitical stability. The outcome from 2019 analysis is that eight inter-state Mideast hydrocarbon (oil and gas) pipelines, which have already terminated operation, had been in use for a median lifetime period of 11 years. Furthermore, looking at the nineteen currently operating inter-state hydrocarbon pipelines in the Mideast, it appears that their median operation lifetime to date is 12 years - both figures implying regional stability. Despite stabilization during the past four years, there is little certainty yet for long-term pipeline operational stability in the region considering persistent turmoil.
The year 2018 was characterized by an increased demand, continuing the pricing uptrend from 2017, though experiencing a sharp drop by the end of the year. This study aims to provide a careful projection for next year's average oil pricing, utilizing predictive analysis methods. Evidently, predictive analysis cannot provide accurate answers, since we are only speaking of statistical probability, but we can define a high probability range with fair accuracy. Combining predictive analysis models of 10-year and 15-year pricing trends we should expect an average pricing of 65 to 95 USD per oil barrel during 2019.
Rechargeable batteries, largely encompassing secondary electrochemical cells, have a profound role in multiple industries and hold the potential to become a disrupting element for future infrastructures. The market of rechargeable batteries is rapidly expanding, fueled by the growing utilization of secondary cells in portable electronic devices, electric mobility solutions, grid energy storage and also a growing use within the general industry. This survey brings you the comparative progress map of innovative rechargeable battery technologies, aiming to take on conventional Lithium-ion batteries, as well as the updated development and commercialization status of each technology.
Despite the rapid expansion of Li-ion battery production worldwide and parallel expansion of lithium mining, there are a number of questions posed for the mid and long-term prospects of this industry. This survey is bringing you the updated analysis of raw Lithium production worldwide, providing supply projections for the mid and long-term trends. It is evident that Li-ion is due to retain its role as the dominant technology for energy storage in the coming years, but critical outlook on global Lithium resources is important in order to prepare for potential disruptions in this market. The recent shifts in production may also contain hints to upcoming Lithium-ion utilization trends and the competitiveness of alternative battery technologies.
This study summarizes the 2017 Eastern Mediterranean solar irradiance figures on ground level and makes a preliminary estimate for 2018. Regional solar irradiance data is analyzed in order to estimate the normalized output of solar power facilities in the region, considering the strong link between the two variables. The solar energy cumulative flux, measured at the IMS station in Bet Dagan in Israel's Central Coastal Plane during 2017, was on average 5,453 Wh/m2 per day, which is 6.3% higher than the 1965-2014 multi-year annual solar flux average.
Solar photovoltaic (PV) technology is continuing to form a dominant share of new capacity additions in the electricity generation segment in Israel and worldwide. This study summarizes the 2017-18 developments in the solar photovoltaic segment in Israel and provides updated figures on electric capacity and generation. The total capacity of grid-connected PV facilities in Israel was at 963 MWp by the end of 2017 and is expected to reach over 1,200 MWp by the end of 2018. The capacity of PV facilities increased by 12% year-over-year from the end of 2016 to the end of 2017. In terms of electric generation, solar PV facilities produced 1,584 million kWh in 2017 – a slight increase of 3% from 1,531 million kWh in 2016. The percentage of solar PV generation out of total electricity generation in the country remained practically unchanged at 2.3%.
Video tutorial for assembling a 12V car battery charger by LNRG Technology. When your vehicle's battery is depleted and there is no one around to ask for cables to start up your engine and no immediate towing service, in most cases - you can simply replenish your car's battery with a 13.5-15.0V charger. The described DIY charger is designed to charge-up a discharged 12V Lead-Acid car battery, which in most cases shall be sufficient for ignition. The described charger is NOT capable of starting-up an engine due to current limits (requires a different kind of cells).